In 2021, the global sales of new energy vehicles will be about 6.37 million, a year-on-year increase of 100%;
Among them, the TOP 15 power battery companies have a total installed capacity of 281.58GWh, accounting for 96% of the overall installed capacity. They are CATL, LGES, Panasonic, BYD, SK ON, Samsung SDI, China Innovation Airlines, Gotion Hi-Tech, Envision Power, Farasis Energy, Manly Battery, SVOLT Energy, EVE, Sunwoda, and chinarept.
The acceleration of the global electrification process has driven the further development of the global new energy industry chain. The industry generally predicts that the global production and sales of new energy vehicles will exceed 8.5 million in 2022, driving the demand for power batteries to exceed 650GWh
The changes in the global new energy vehicle market have also had a certain impact on the global power battery installed capacity, and the evolution of the market pattern has also shown new variables. Mainly reflected in the following aspects:
First, the competition among enterprises has intensified, and the differentiation of the global market has further intensified.
Compared with 2021, the TOP 5 camp in 2022 will remain unchanged except for the exchange of the rankings of SK ON and Samsung SDI, but the market share gap between enterprises will gradually widen. For example, the market share of Panasonic, which ranks third, is about twice that of BYD, which ranks fourth.
The ranking of TOP6-10 companies has changed. Except for China Innovation Airlines, which continued to maintain the seventh place, the rest of the companies have changed their faces. Gotion Hi-Tech has further ranked 8th from 9th in 2020, and Funeng Technology will be outside the TOP 10 in 2020.
The installed capacity and market share of the top 10-15 companies are “tight”. Three battery companies, including SVOLT Energy, Yiwei Lithium Energy, and Sunwoda, have almost the same market share. SVOLT Energy leads by about 200MWh, and the gap between EVE and Sunwoda is further narrowed. to 40MWh.
The second is that Chinese battery companies have "one superpower and many strong" to grab the cake of the global market.
In the TOP 15 list of global installed capacity, Chinese battery companies occupy 11 seats, accounting for more than half of the global market share, reaching 51%, accelerating the encroachment of the market share of power battery companies in Japan and South Korea.
Among them, CATL is the only one, with a global share of 32.1%, which is nearly 12 percentage points behind the market share of the second-ranked LGES. At the same time, BYD, China Innovation Airlines, Farasis Energy, Honeycomb Energy, Manly Battery and others have increased their market shares in China and expanded their global shares.
Third, the international growth value of second-tier power batteries has jumped.
According to the incomplete statistics of Gaogong Lithium Battery, in 2021, Chinese power battery companies will win more than 20 overseas orders, of which Europe has become a hot spot for Chinese lithium battery companies to invest, and North America, Southeast Asia and other regions are also heating up.
For example, Envision Power joins hands with Renault and Nissan, UK and France; EVE wins Jaguar Land Rover’s 48V designation and a large US energy storage order; Guoxuan Hi-Tech provides technical support for Volkswagen and establishes its first new energy production and operation base in Europe. It will produce increasingly strong international competitiveness and product power.
Holding a huge order or project designation, and reaching long-term cooperation with overseas customers, Chinese power battery companies have accelerated their efforts to go overseas. Chinese battery companies including Envision Power, Farasis Energy, Farasis Energy, BYD, AVIC Lithium, Gotion Hi-Tech, and Manly Battery have clearly or have already started to build factories in Europe.
CATL
CATL has a solid leading position in the global installed capacity, with an installed capacity of 93.68GWh occupying 32.1% of the global market share, ahead of second place LG Chem with a market share of nearly 12%.
CATL's 2021 performance forecast shows that the expected net profit in 2021 is 14 billion yuan to 16.5 billion yuan, a year-on-year increase of 150.75%-195.52%.
Behind the continuous and stable leading position, it builds technical advantages, cost competitiveness and profitability upwards, expands scale effects downwards, enhances customer viscosity, maintains the security of operating funds, and builds core barriers such as industrial chain layout in an all-round way.
LGES
Losing a large part of Tesla's domestic supporting market, LG ranked second with a global installed capacity of 60.25GWh in 2021, and its market share fell 2 percentage points from 2020 to 20.6%.
In January 2022, LG's battery business, LG New Energy, was officially launched, and the research and development of lithium iron phosphate technology was launched last year. It is expected to complete the construction of the first lithium iron phosphate battery test production line in 2022.
Matsushita
Panasonic ranked third with 46.64GWh of power battery installed capacity, with a global market share of 16%, down 4 percentage points from the same period last year.
In 2021, it will withdraw from Tesla's China package, mainly providing support for Tesla's overseas models and Toyota's new energy models. Other supporting models mainly include Corolla PHEV, Yize e-king, Toyota C-HR EV, Lexus ux300e, etc.
BYD
BYD's 23.95GWh global power battery installed capacity ranks fourth, with a market share of 8.2%.
The increase in BYD's installed capacity was mainly driven by its new energy models. It adheres to the strategic layout of EV pure electric and DM hybrid "two legs, walking in step". In 2021, the domestic sales of energy vehicles will be 594,000, a year-on-year increase of over 220%.
SK ON
SK ON's global power battery installed capacity is 14.36GWh, with a market share of 4.9%, rising one place from last year to No. 5. Its main customers include OEMs such as Kia, Hyundai, and Volkswagen.
Similar to the idea of LGES, SK ON is fully promoting the listing plan to obtain the capital required for the expansion of the power battery business, while increasing investment in research and development of lithium iron phosphate battery technology.
Samsung SDI
Samsung SDI's global power battery installed capacity is 9.66GWh, ranking sixth, and the ranking is overtaken by SK ON, which will be next in 2020, with a market share of 3.3%.
Samsung SDI's main customers are BMW, Volkswagen, and Ford. The latest news is that Samsung SDI has discussed cooperation with Hyundai Motor, and it is likely to supply Hyundai Motor. At present, most of Hyundai's batteries are LGES and SK ON.
China Innovation Airlines
China Innovation Airlines ranked seventh with a global installed capacity of 8.6GWh of power batteries, with a market share of 2.9%.
Following the core suppliers of GAC Passenger Cars and Changan Automobile, Zhongxinhang has successively included passenger car customers such as Shanghai Tongwu, Leap Motor, Xiaopeng Motors, GAC Toyota, Geely Automobile, Dongfeng Motor, etc. to install power batteries for its customers. Laying the groundwork for rising demand for electricity.
In terms of international customer development, China Innovation Airlines has passed Smart's mass production designation, and has begun mass supply of supporting batteries for Guangben and Guangfeng.
Guoxuan Hi-Tech
Guoxuan Hi-Tech's 2021 global power battery installed capacity is 7.13GWh, up one place from the same period in 2020 to No. 8, with a market share of 2.4%.
Manly Battery2021 global power battery installed capacity is 1.05GWh, an increase over the same period in 2020, with a market share of 0.21%.
As the first supplier of Hongguang Mini EV power batteries, Guoxuan Hi-Tech will supply more than 134,000 Hongguang Mini EVs in 2021, with an installed capacity of 1.67GWh per model, accounting for 25.7% of its total installed capacity.
In addition to SAIC-GM-Wuling, Guoxuan Hi-Tech also supplies hot-selling models from A00-level car companies such as Jianghuai Automobile, Chery Automobile, Leap Motor, Changan Automobile, and BAIC New Energy. Chery and other domestic mainstream OEMs have penetrated into mid-to-high-end models, and also signed a supply agreement with a large American car company to deliver batteries of no less than 200GWh between 2023 and 2028.
Vision Power
Envision Power ranked 9th with 4.13GWh of global power battery installed capacity, with a market share of 1.4%.
In June 2021, Envision became Renault's comprehensive electrification strategic partner, and Renault provided five-year 40GWh to 120GWh power battery orders to Envision. In July 2012, Envision Power will provide power batteries for Nissan's next-generation electric vehicle platform, and will build the UK's first power battery super factory in Sunderland, UK, to produce the latest generation of power battery products.
The latest news is that in February 2022, the second-phase project of the Envision Power Battery Manufacturing Base will start in Wuxi, with a planned production capacity of over 15GWh.
Farasis Energy
Farasis Energy will rank 10th in 2021 with a power battery installed capacity of 2.91GWh, with a market share of 1%. It is mainly used in Aion S, Aion V and Bestune B30 models.
It has become the second supplier of GAC Aeon, and will install 1.4GWh of GAC in 2021. At the same time, Funeng Technology has strengthened in-depth cooperation with Geely Automobile, Dongfeng Motor, etc., and its long-term strategic cooperation with Daimler is also "blooming and bearing fruit", laying the foundation for its installed capacity to climb.
Honeycomb Energy
Honeycomb Energy will rank 11th with an installed capacity of 2.42GWh in 2021, with a market share of 0.8%.
Based on Great Wall Motors, Honeycomb Energy has accelerated the pace of external supply of power batteries, and has successively supported car companies such as Geely, Dongfeng, Hezhong New Energy, and Leapmotor. It is also deeply developing major European customers, and has established various levels of technical and business interaction with a number of heavyweight OEMs. At present, it has reached a strategic cooperation with a top five OEM, and has obtained a number of key projects.
In terms of production capacity planning, the "600" strategy of Leadbee was proposed last year, with a production capacity target of 600GWh in 2025, and the entire product range will be shortened.
EVE
In 2021, EVE's power battery installed capacity is 2.26GWh, ranking 12th in the world.
In the passenger car field, Xpeng Motors, Nanjing Jinlong, Jiangnan Automobile, etc., the ternary soft pack battery has also entered the release period to enter the overseas market.
At the same time, the 48V system has been designated as suppliers for Jaguar Land Rover projects and BMW projects. The energy storage field signed a two-year total supply agreement with Powin Energy, an American energy storage system integrator, to supply at least 1GWh of LFP batteries.
Sunwanda
Sunwoda's global installed capacity in 2021 is 2.22GWh, ranking 13th after EVE with a small gap.
Sunwoda's power battery business has accelerated, and in 2021, it has successively won fixed-point projects from several car companies, including Dongfeng Liuqi T5EV, Dongfeng Liuqi Lingzhi CM5EV, Dongfeng E70, GAC A9E, Geely Weirui electric PMA platform, SAIC-GM-Wuling E50 , SAIC-GM-Wuling CN220M HEV, etc.
Ruipu Energy
Ruipu Energy ranks 14th in the world with 1.78GWh of installed capacity, with a market share of 0.6%, mainly supporting WM Motor and Shanghai Tongwu.
In November 2021, Ruipu Energy was designated as the vehicle model of the powertrain platform products under Geely Holding Group, and the supporting scale is expected to reach more than 10GWh. The model provides a battery package.
Lishen
Lishen's power battery installed capacity in 2021 is 1.58GWh, with a market share of 0.5%.
At the end of January 2022, the Lishen battery sector completed the signing of a capital increase subscription agreement. After the fundraising was completed, the overall valuation of its battery power sector was nearly 20 billion yuan.
In February 2022, its Chuzhou base project will start construction, with an investment of about 15.2 billion yuan and a planned annual output of 36GWh of power batteries and energy storage batteries. The first phase of the 16GWh project will be completed within this year, and it will be put into operation in the first half of 2023. The third phase of the project will be completed in 2025. put into production.
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